Live Charts Fib Pivots_002

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Author: Copyright � 2004, MetaQuotes Software Corp.
Live Charts Fib Pivots_002

This tool is designed to automatically calculate and display several types of technical analysis levels—specifically Pivot Points, Camarilla Breaks, and Midpoint Pivots—directly on your trading charts. Instead of requiring you to manually calculate complex price formulas based on historical data, the script performs these calculations in real-time and draws the corresponding lines and labels for you.

Core Functionality

The script focuses on identifying "support" (floors) and "resistance" (ceilings) based on price action from previous trading sessions. It specifically pulls data from a timeframe of your choice (defaulting to Daily charts) to determine:

  • Previous Day's High, Low, and Close: These serve as the foundation for all subsequent calculations.
  • Current Day's Range: It tracks how the price is moving in the present session compared to previous data.

Key Features and Calculation Modes

Depending on your settings, the script can display three distinct styles of analytical levels:

1. Standard & Fibonacci Pivots The tool calculates a central "Pivot" point (the average of the previous high, low, and close). From this center, it projects:

  • Resistance Levels (R1, R2, R3): Identifying potential areas where price might struggle to move higher.
  • Support Levels (S1, S2, S3): Identifying potential areas where price might find a "floor" and stop falling.
  • Fibonacci Variations: It also includes specific Fibonacci-weighted calculations (r1, r2, r3) for traders who prefer those specific mathematical ratios.

2. Camarilla Breaks When enabled, the script incorporates Camarilla levels. These are specialized pivot points often used by day traders to identify breakout zones and potential reversal areas within a trading session. It displays these as high (H3, H4) and low (L3, L4) targets.

3. Midpoint Pivots This feature provides even more granular detail by calculating the midpoints between various pivot levels (M0 through M5). This allows for a much denser "map" of the price action, helping traders identify smaller nuances in price behavior between the major support and resistance zones.

Visual Experience

  • Automated Drawing: The script automatically creates horizontal lines on your chart and attaches text labels so you can instantly see what each level represents (e.g., "R1", "Pivot", "H3").
  • Color Coding: Different types of levels are assigned distinct colors (such as Midnight Blue, FireBrick, and YellowGreen) to help you distinguish between support, resistance, and neutral zones at a glance.
  • Dynamic Updates: The labels and lines move automatically as new price data is received, ensuring the technical "map" stays relevant to the current market environment.

User Constraints

To ensure accuracy, the script includes a built-in check: it will only function correctly on charts that are one day or shorter (e.g., Hourly, 4-Hour, 15-Minute, etc.). It will notify you if you try to run it on a timeframe larger than a daily chart, as the math relies on daily price cycles.

Miscellaneous
Implements a curve of type %1
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Live Charts Fib Pivots_002 
//+-------------------------------------------------------------------+
//|                                        Live Charts Fib Pivots.mq4 |
//|                                                                   |
//|                                       http://www.livecharts.co.uk |
//|                                                                   |
//|                                                                   |
//|                              You are free to use it as you please |
//|                                                                   |
//|       If you make good money from it feel free to send me a paypal|
//|donation to leemelrose@blueyonder.co.uk to help pay for the website|
//+-------------------------------------------------------------------+
#property copyright "Copyright © 2004, MetaQuotes Software Corp."
#property link "http://www.metaquotes.net"


#property indicator_chart_window
#property indicator_buffers 1
#property indicator_color1 EMPTY


extern bool pivots = false;
extern bool camarilla = true;
extern bool midpivots = false;
extern int MyPeriod = PERIOD_D1;
/*+----------------------------------------------------+
 MyPeriod = Period in minutes to consideration, could be:
 1440 for D1
 60 for H1
 240 for H4
 1 for M1
 15 for M15
 30 for M30
 5 for M5
 43200 for MN1
 10080 for W1
 +-------------------------------------------------------*/

double R=0;
double day_high=0;
double day_low=0;
double yesterday_high=0;
double yesterday_open=0;
double yesterday_low=0;
double yesterday_close=0;
double today_open=0;
double today_high=0;
double today_low=0;
double r2=0;
double r1=0;
double p=0;
double s1=0;
double s2=0;
double s3=0;
double r3=0;
double P=0;
double Q=0;
double R1,R2,R3;
double M0,M1,M2,M3,M4,M5;
double S1,S2,S3;
double H4,H3,L4,L3;
double nQ=0;
double nD=0;
double D=0;
double rates_d1[2][6];
double ExtMapBuffer1[];
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
IndicatorBuffers(4);
SetIndexStyle(0,DRAW_ARROW);
SetIndexArrow(0,159);
SetIndexBuffer(0, ExtMapBuffer1);

//---- indicators
R1=0; R2=0; R3=0;
M0=0; M1=0; M2=0; M3=0; M4=0; M5=0;
S1=0; S2=0; S3=0;
H4=0; H3=0; L4=0; L3=0;
r2=0;r1=0;p=0;s1=0;s2=0;s3=0;r3=0;

//----
return(0);
}
//+------------------------------------------------------------------+
//| Custor indicator deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
//---- TODO: add your code here
ObjectDelete("r1 Label");
ObjectDelete("r1 Line");
ObjectDelete("r2 Label");
ObjectDelete("r2 Line");
ObjectDelete("r3 Label");
ObjectDelete("r3 Line");
ObjectDelete("r1 Label");
ObjectDelete("r1 Line");
ObjectDelete("r2 Label");
ObjectDelete("r2 Line");
ObjectDelete("r3 Label");
ObjectDelete("r3 Line");
ObjectDelete("R1 Label");
ObjectDelete("R1 Line");
ObjectDelete("R2 Label");
ObjectDelete("R2 Line");
ObjectDelete("R3 Label");
ObjectDelete("R3 Line");
ObjectDelete("S1 Label");
ObjectDelete("S1 Line");
ObjectDelete("S2 Label");
ObjectDelete("S2 Line");
ObjectDelete("S3 Label");
ObjectDelete("S3 Line");
ObjectDelete("P Label");
ObjectDelete("P Line");
ObjectDelete("H4 Label");
ObjectDelete("H4 Line");
ObjectDelete("H3 Label");
ObjectDelete("H3 Line");
ObjectDelete("L3 Label");
ObjectDelete("L3 Line");
ObjectDelete("L4 Label");
ObjectDelete("L4 Line");
ObjectDelete("M5 Label");
ObjectDelete("M5 Line");
ObjectDelete("M4 Label");
ObjectDelete("M4 Line");
ObjectDelete("M3 Label");
ObjectDelete("M3 Line");
ObjectDelete("M2 Label");
ObjectDelete("M2 Line");
ObjectDelete("M1 Label");
ObjectDelete("M1 Line");
ObjectDelete("M0 Label");
ObjectDelete("M0 Line");
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int start()
{

//---- TODO: add your code here

//---- exit if period is greater than daily charts
if(Period() > 1440)
{
Print("Error - Chart period is greater than 1 day.");
return(-1); // then exit
}

//---- Get new daily prices

ArrayCopyRates(rates_d1, Symbol(), MyPeriod);

yesterday_close = rates_d1[1][4];
yesterday_open = rates_d1[1][1];
today_open = rates_d1[0][1];
yesterday_high = rates_d1[1][3];
yesterday_low = rates_d1[1][2];
day_high = rates_d1[0][3];
day_low = rates_d1[0][2];


//---- Calculate Pivots


R = yesterday_high - yesterday_low;//range
p = (yesterday_high + yesterday_low + yesterday_close)/3;// Standard Pivot
r1 = p + (R * 0.38);
r2 = p + (R * 0.62);
r3 = p + (R * 0.99);
s1 = p - (R * 0.38);
s2 = p - (R * 0.62);
s3 = p - (R * 0.99);
D = (day_high - day_low);
Q = (yesterday_high - yesterday_low);
P = (yesterday_high + yesterday_low + yesterday_close) / 3;
R1 = (2*P)-yesterday_low;
S1 = (2*P)-yesterday_high;
R2 = P+(yesterday_high - yesterday_low);
S2 = P-(yesterday_high - yesterday_low);

R3 = (2*P)+(yesterday_high-(2*yesterday_low));
M5 = (R2+R3)/2;
// R2 = P-S1+R1;
M4 = (R1+R2)/2;
// R1 = (2*P)-yesterday_low;
M3 = (P+R1)/2;
// P = (yesterday_high + yesterday_low + yesterday_close)/3;
M2 = (P+S1)/2;
// S1 = (2*P)-yesterday_high;
M1 = (S1+S2)/2;
// S2 = P-R1+S1;
S3 = (2*P)-((2* yesterday_high)-yesterday_low);

M0 = (S2+S3)/2;

if (Q > 5)
{
nQ = Q;
}
else
{
nQ = Q*10000;
}

if (D > 5)
{
nD = D;
}
else
{
nD = D*10000;
}


Comment("High= ",yesterday_high," Previous DaysRange= ",nQ,"\nLow= ",yesterday_low," Current DaysRange= ",nD,"\nClose= ",yesterday_close);

//---- Set line labels on chart window

//---- Pivot Lines
if (pivots==true)
{
if(ObjectFind("R1 label") != 0)
{
ObjectCreate("R1 label", OBJ_TEXT, 0, Time[0], R1);
ObjectSetText("R1 label", " R1", 8, "Arial", EMPTY);
}
else
{
ObjectMove("R1 label", 0, Time[0], R1);
}

if(ObjectFind("R2 label") != 0)
{
ObjectCreate("R2 label", OBJ_TEXT, 0, Time[20], R2);
ObjectSetText("R2 label", " R2", 8, "Arial", EMPTY);
}
else
{
ObjectMove("R2 label", 0, Time[20], R2);
}

if(ObjectFind("R3 label") != 0)
{
ObjectCreate("R3 label", OBJ_TEXT, 0, Time[20], R3);
ObjectSetText("R3 label", " R3", 8, "Arial", EMPTY);
}
else
{
ObjectMove("R3 label", 0, Time[20], R3);
}

if(ObjectFind("P label") != 0)
{
ObjectCreate("P label", OBJ_TEXT, 0, Time[0], P);
ObjectSetText("P label", "Pivot " +DoubleToStr(P,4), 8, "Arial",
EMPTY);
}
else
{
ObjectMove("P label", 0, Time[0], P);
}

if(ObjectFind("S1 label") != 0)
{
ObjectCreate("S1 label", OBJ_TEXT, 0, Time[0], S1);
ObjectSetText("S1 label", "S1", 8, "Arial", EMPTY);
}
else
{
ObjectMove("S1 label", 0, Time[0], S1);
}

if(ObjectFind("S2 label") != 0)
{
ObjectCreate("S2 label", OBJ_TEXT, 0, Time[20], S2);
ObjectSetText("S2 label", "S2", 8, "Arial", EMPTY);
}
else
{
ObjectMove("S2 label", 0, Time[20], S2);
}

if(ObjectFind("S3 label") != 0)
{
ObjectCreate("S3 label", OBJ_TEXT, 0, Time[20], S3);
ObjectSetText("S3 label", "S3", 8, "Arial", EMPTY);
}
else
{
ObjectMove("S3 label", 0, Time[20], S3);
}

//--- Draw Pivot lines on chart
if(ObjectFind("S1 line") != 0)
{
ObjectCreate("S1 line", OBJ_HLINE, 0, Time[40], S1);
ObjectSet("S1 line", OBJPROP_STYLE, STYLE_DASHDOTDOT);
ObjectSet("S1 line", OBJPROP_COLOR, MidnightBlue);
}
else
{
ObjectMove("S1 line", 0, Time[40], S1);
}

if(ObjectFind("S2 line") != 0)
{
ObjectCreate("S2 line", OBJ_HLINE, 0, Time[40], S2);
ObjectSet("S2 line", OBJPROP_STYLE, STYLE_DASHDOTDOT);
ObjectSet("S2 line", OBJPROP_COLOR, MidnightBlue);
}
else
{
ObjectMove("S2 line", 0, Time[40], S2);
}

if(ObjectFind("S3 line") != 0)
{
ObjectCreate("S3 line", OBJ_HLINE, 0, Time[40], S3);
ObjectSet("S3 line", OBJPROP_STYLE, STYLE_DASHDOTDOT);
ObjectSet("S3 line", OBJPROP_COLOR, MidnightBlue);
}
else
{
ObjectMove("S3 line", 0, Time[40], S3);
}

if(ObjectFind("P line") != 0)
{
ObjectCreate("P line", OBJ_HLINE, 0, Time[40], P);
ObjectSet("P line", OBJPROP_STYLE, STYLE_DOT);
ObjectSet("P line", OBJPROP_COLOR, YellowGreen);
}
else
{
ObjectMove("P line", 0, Time[40], P);
}

if(ObjectFind("R1 line") != 0)
{
ObjectCreate("R1 line", OBJ_HLINE, 0, Time[40], R1);
ObjectSet("R1 line", OBJPROP_STYLE, STYLE_DASHDOTDOT);
ObjectSet("R1 line", OBJPROP_COLOR, FireBrick);
}
else
{
ObjectMove("R1 line", 0, Time[40], R1);
}

if(ObjectFind("R2 line") != 0)
{
ObjectCreate("R2 line", OBJ_HLINE, 0, Time[40], R2);
ObjectSet("R2 line", OBJPROP_STYLE, STYLE_DASHDOTDOT);
ObjectSet("R2 line", OBJPROP_COLOR, FireBrick);
}
else
{
ObjectMove("R2 line", 0, Time[40], R2);
}

if(ObjectFind("R3 line") != 0)
{
ObjectCreate("R3 line", OBJ_HLINE, 0, Time[40], R3);
ObjectSet("R3 line", OBJPROP_STYLE, STYLE_DASHDOTDOT);
ObjectSet("R3 line", OBJPROP_COLOR, FireBrick);
}
else
{
ObjectMove("R3 line", 0, Time[40], R3);
}
}
//---- End of Pivot Line Draw


//----- Camarilla Lines

if (camarilla==true)
{
if(ObjectFind("H4 label") != 0)
{
ObjectCreate("H4 label", OBJ_TEXT, 0, Time[20], H4);
ObjectSetText("H4 label", " H4", 8, "Arial", EMPTY);
}
else
{
ObjectMove("H4 label", 0, Time[20], H4);
}

if(ObjectFind("H3 label") != 0)
{
ObjectCreate("H3 label", OBJ_TEXT, 0, Time[20], H3);
ObjectSetText("H3 label", " H3", 8, "Arial", EMPTY);
}
else
{
ObjectMove("H3 label", 0, Time[20], H3);
}

if(ObjectFind("R1 label") != 0)
{
ObjectCreate("R1 label", OBJ_TEXT, 0, Time[20], r1);
ObjectSetText("R1 label", "Fib R1", 8, "Arial", White);
}
else
{
ObjectMove("R1 label", 0, Time[20], r1);
}

if(ObjectFind("R2 label") != 0)
{
ObjectCreate("R2 label", OBJ_TEXT, 0, Time[20], r2);
ObjectSetText("R2 label", "Fib R2", 8, "Arial", White);
}
else
{
ObjectMove("R2 label", 0, Time[20], r2);
}

if(ObjectFind("R3 label") != 0)
{
ObjectCreate("R3 label", OBJ_TEXT, 0, Time[20], r3);
ObjectSetText("R3 label", "Fib R3", 8, "Arial", White);
}
else
{
ObjectMove("R3 label", 0, Time[20], r3);
}

if(ObjectFind("P label") != 0)
{
ObjectCreate("P label", OBJ_TEXT, 0, Time[20], p);
ObjectSetText("P label", "Pivot", 8, "Arial", White);
}
else
{
ObjectMove("P label", 0, Time[20], p);
}

if(ObjectFind("S1 label") != 0)
{
ObjectCreate("S1 label", OBJ_TEXT, 0, Time[20], s1);
ObjectSetText("S1 label", "Fib S1", 8, "Arial", White);
}
else
{
ObjectMove("S1 label", 0, Time[20], s1);
}

if(ObjectFind("S2 label") != 0)
{
ObjectCreate("S2 label", OBJ_TEXT, 0, Time[20], s2);
ObjectSetText("S2 label", "Fib S2", 8, "Arial", White);
}
else
{
ObjectMove("S2 label", 0, Time[20], s2);
}

if(ObjectFind("S3 label") != 0)
{
ObjectCreate("S3 label", OBJ_TEXT, 0, Time[20], s3);
ObjectSetText("S3 label", "Fib S3", 8, "Arial", White);
}
else
{
ObjectMove("S3 label", 0, Time[20], s3);
}

//---- Set lines on chart window

if(ObjectFind("S1 line") != 0)
{
ObjectCreate("S1 line", OBJ_HLINE, 0, Time[40], s1);
ObjectSet("S1 line", OBJPROP_STYLE, STYLE_DASHDOTDOT);
ObjectSet("S1 line", OBJPROP_COLOR, Sienna);
}
else
{
ObjectMove("S1 line", 0, Time[40], s1);
}

if(ObjectFind("S2 line") != 0)
{
ObjectCreate("S2 line", OBJ_HLINE, 0, Time[40], s2);
ObjectSet("S2 line", OBJPROP_STYLE, STYLE_DASHDOTDOT);
ObjectSet("S2 line", OBJPROP_COLOR, Sienna);
}
else
{
ObjectMove("S2 line", 0, Time[40], s2);
}

if(ObjectFind("S3 line") != 0)
{
ObjectCreate("S3 line", OBJ_HLINE, 0, Time[40], s3);
ObjectSet("S3 line", OBJPROP_STYLE, STYLE_DASHDOTDOT);
ObjectSet("S3 line", OBJPROP_COLOR, Sienna);
}
else
{
ObjectMove("S3 line", 0, Time[40], s3);
}

if(ObjectFind("P line") != 0)
{
ObjectCreate("P line", OBJ_HLINE, 0, Time[40], p);
ObjectSet("P line", OBJPROP_STYLE, STYLE_DASHDOTDOT);
ObjectSet("P line", OBJPROP_COLOR, YellowGreen);
}
else
{
ObjectMove("P line", 0, Time[40], p);
}

if(ObjectFind("R1 line") != 0)
{
ObjectCreate("R1 line", OBJ_HLINE, 0, Time[40], r1);
ObjectSet("R1 line", OBJPROP_STYLE, STYLE_DASHDOTDOT);
ObjectSet("R1 line", OBJPROP_COLOR, Sienna);
}
else
{
ObjectMove("R1 line", 0, Time[40], r1);
}

if(ObjectFind("R2 line") != 0)
{
ObjectCreate("R2 line", OBJ_HLINE, 0, Time[40], r2);
ObjectSet("R2 line", OBJPROP_STYLE, STYLE_DASHDOTDOT);
ObjectSet("R2 line", OBJPROP_COLOR, Sienna);
}
else
{
ObjectMove("R2 line", 0, Time[40], r2);
}

if(ObjectFind("R3 line") != 0)
{
ObjectCreate("R3 line", OBJ_HLINE, 0, Time[40], r3);
ObjectSet("R3 line", OBJPROP_STYLE, STYLE_DASHDOTDOT);
ObjectSet("R3 line", OBJPROP_COLOR, Sienna);
}
else
{
ObjectMove("R3 line", 0, Time[40], r3);
}



if(ObjectFind("L3 label") != 0)
{
ObjectCreate("L3 label", OBJ_TEXT, 0, Time[20], L3);
ObjectSetText("L3 label", " L3", 8, "Arial", EMPTY);
}
else
{
ObjectMove("L3 label", 0, Time[20], L3);
}

if(ObjectFind("L4 label") != 0)
{
ObjectCreate("L4 label", OBJ_TEXT, 0, Time[20], L4);
ObjectSetText("L4 label", " L4", 8, "Arial", EMPTY);
}
else
{
ObjectMove("L4 label", 0, Time[20], L4);
}

//---- Draw Camarilla lines on Chart
if(ObjectFind("H4 line") != 0)
{
ObjectCreate("H4 line", OBJ_HLINE, 0, Time[40], H4);
ObjectSet("H4 line", OBJPROP_STYLE, STYLE_DASHDOTDOT);
ObjectSet("H4 line", OBJPROP_COLOR, MediumBlue);
}
else
{
ObjectMove("H4 line", 0, Time[40], H4);
}

if(ObjectFind("H3 line") != 0)
{
ObjectCreate("H3 line", OBJ_HLINE, 0, Time[40], H3);
ObjectSet("H3 line", OBJPROP_STYLE, STYLE_DASHDOTDOT);
ObjectSet("H3 line", OBJPROP_COLOR, MediumBlue);
}
else
{
ObjectMove("H3 line", 0, Time[40], H3);
}

if(ObjectFind("L3 line") != 0)
{
ObjectCreate("L3 line", OBJ_HLINE, 0, Time[40], L3);
ObjectSet("L3 line", OBJPROP_STYLE, STYLE_DASHDOTDOT);
ObjectSet("L3 line", OBJPROP_COLOR, MediumBlue);
}
else
{
ObjectMove("L3 line", 0, Time[40], L3);
}

if(ObjectFind("L4 line") != 0)
{
ObjectCreate("L4 line", OBJ_HLINE, 0, Time[40], L4);
ObjectSet("L4 line", OBJPROP_STYLE, STYLE_DASHDOTDOT);
ObjectSet("L4 line", OBJPROP_COLOR, MediumBlue);
}
else
{
ObjectMove("L4 line", 0, Time[40], L4);
}
}
//-------End of Draw Camarilla Lines

//------ Midpoints Pivots

if (midpivots==true)
{

if(ObjectFind("M5 label") != 0)
{
ObjectCreate("M5 label", OBJ_TEXT, 0, Time[20], M5);
ObjectSetText("M5 label", " M5", 8, "Arial", EMPTY);
}
else
{
ObjectMove("M5 label", 0, Time[20], M5);
}

if(ObjectFind("M4 label") != 0)
{
ObjectCreate("M4 label", OBJ_TEXT, 0, Time[20], M4);
ObjectSetText("M4 label", " M4", 8, "Arial", EMPTY);
}
else
{
ObjectMove("M4 label", 0, Time[20], M4);
}

if(ObjectFind("M3 label") != 0)
{
ObjectCreate("M3 label", OBJ_TEXT, 0, Time[20], M3);
ObjectSetText("M3 label", " M3", 8, "Arial", EMPTY);
}
else
{
ObjectMove("M3 label", 0, Time[20], M3);
}

if(ObjectFind("M2 label") != 0)
{
ObjectCreate("M2 label", OBJ_TEXT, 0, Time[20], M2);
ObjectSetText("M2 label", " M2", 8, "Arial", EMPTY);
}
else
{
ObjectMove("M2 label", 0, Time[20], M2);
}

if(ObjectFind("M1 label") != 0)
{
ObjectCreate("M1 label", OBJ_TEXT, 0, Time[20], M1);
ObjectSetText("M1 label", " M1", 8, "Arial", EMPTY);
}
else
{
ObjectMove("M1 label", 0, Time[20], M1);
}

if(ObjectFind("M0 label") != 0)
{
ObjectCreate("M0 label", OBJ_TEXT, 0, Time[20], M0);
ObjectSetText("M0 label", " M0", 8, "Arial", EMPTY);
}
else
{
ObjectMove("M0 label", 0, Time[20], M0);
}

//---- Draw Midpoint Pivots on Chart
if(ObjectFind("M5 line") != 0)
{
ObjectCreate("M5 line", OBJ_HLINE, 0, Time[40], M5);
ObjectSet("M5 line", OBJPROP_STYLE, STYLE_DASHDOTDOT);
ObjectSet("M5 line", OBJPROP_COLOR, DimGray);
}
else
{
ObjectMove("M5 line", 0, Time[40], M5);
}

if(ObjectFind("M4 line") != 0)
{
ObjectCreate("M4 line", OBJ_HLINE, 0, Time[40], M4);
ObjectSet("M4 line", OBJPROP_STYLE, STYLE_DASHDOTDOT);
ObjectSet("M4 line", OBJPROP_COLOR, DimGray);
}
else
{
ObjectMove("M4 line", 0, Time[40], M4);
}

if(ObjectFind("M3 line") != 0)
{
ObjectCreate("M3 line", OBJ_HLINE, 0, Time[40], M3);
ObjectSet("M3 line", OBJPROP_STYLE, STYLE_DASHDOTDOT);
ObjectSet("M3 line", OBJPROP_COLOR, DimGray);
}
else
{
ObjectMove("M3 line", 0, Time[40], M3);
}

if(ObjectFind("M2 line") != 0)
{
ObjectCreate("M2 line", OBJ_HLINE, 0, Time[40], M2);
ObjectSet("M2 line", OBJPROP_STYLE, STYLE_DASHDOTDOT);
ObjectSet("M2 line", OBJPROP_COLOR, DimGray);
}
else
{
ObjectMove("M2 line", 0, Time[40], M2);
}

if(ObjectFind("M1 line") != 0)
{
ObjectCreate("M1 line", OBJ_HLINE, 0, Time[40], M1);
ObjectSet("M1 line", OBJPROP_STYLE, STYLE_DASHDOTDOT);
ObjectSet("M1 line", OBJPROP_COLOR, DimGray);
}
else
{
ObjectMove("M1 line", 0, Time[40], M1);
}

if(ObjectFind("M0 line") != 0)
{
ObjectCreate("M0 line", OBJ_HLINE, 0, Time[40], M0);
ObjectSet("M0 line", OBJPROP_STYLE, STYLE_DASHDOTDOT);
ObjectSet("M0 line", OBJPROP_COLOR, DimGray);
}
else
{
ObjectMove("M0 line", 0, Time[40], M0);
}

}
//----End of Midpoint Pivots Draw

//---- End Of Program
return(0);
}
//+------------------------------------------------------------------+

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This indicator identifies significant price swings using high and low fractal points to project a linear regression channel with a dynamic midpoint.

RobotPowerM5_meta4V1a

RobotPowerM5_meta4V11

Ma_angleTest

This indicator calculates the trigonometric inclination of a moving average to identify momentum exhaustion or significant directional shifts based on angular deviation thresholds.

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